Further details following on from Eutelsat’s end-of-year financials show that the satellite operator earned €78 million from its Russian broadcasting clients. However, it is also owed $37 million (€36.17m) by International Launch Services (ILS) which commercialises the launches of the Russian ‘Proton’ rocket. ILS is US-based in Reston, Virginia, but uses Russian-built rockets (made by […]
French satellite operator Eutelsat has ceased the European broadcast of Russian satellite channel NTV Mir following a request from media regulator Arcom. The channel had compared Ukrainians to Nazis. The regulator noted that NTV Mir “tends to present repeatedly not only the Ukrainian leadership and the Ukrainian army, but also and above all the Ukrainian […]
The EU has firmly ruled out the proposed Eutelsat/OneWeb merger as qualifying as the likely candidate for the EU’s own planned Low Earth Orbiting (LEO) broadband constellation. As reported by Sami Kassab, satellite analyst at investment bank Exane/BNPP, Christophe Grudler, the member of the European Parliament in charge of the EU’s LEO satellite project announced […]
Investment bank Exane/BNPP, in a comprehensive report on the proposed merger between satellite operator Eutelsat and Low Earth Orbit constellation OneWeb, says the “increase in interest rates, inflation, the war in Ukraine, [OneWeb] Gen 2 funding requirements all suggest a bit of patience could have improved the financial outcome for minority shareholders… but the new […]
It emerged during a media and analyst briefing from Eutelsat CEO Eva Berneke that the company’s suspension of its dividend payments to shareholders could extend beyond the already announced 2022-2023 and 2023-2024 trading years. This current year’s dividend of €0.93 will be paid, subject to Board approval, in November 2022. Berneke declined to commit specifically […]
As widely anticipated, Paris-based satellite operator Eutelsat is to merge with London-based constellation operator OneWeb. A MoU was signed on July 25th. A statement from the pair said: “The combined company will create a new global leader in the Space industry – securing the future of OneWeb and ensuring it can remove the barriers to […]
Eutelsat’s full-year 2021-2022 results were inevitably overshadowed by the news of its “transformational” merger plan with OneWeb. The headline was a statement that the company expects to return to top-line growth in its full year’s trading during 2023-2024. However, in terms of hard cash, almost all of Eutelsat’s key divisional verticals were in negative territory […]
Following weekend reports that British/Indian satellite broadband constellation OneWeb was “near a merger” with Eutelsat, the Paris-based operator has issued a Clarification statement, saying that it had engaged in discussions with its co-shareholders in OneWeb “regarding a potential all-share combination to create a global leader in Connectivity with complementary GEO/LEO activities”. Eutelsat is already a […]
Eutelsat’s share price has collapsed upon news that it was considering a 50/50 merger with OneWeb. Within one hour of the Paris bourse opening, Eutelsat’s share price had fallen almost 19 per cent with 1.65 million shares changing hands and shares dropping from €10.43 to just €8.44. Shareholders seem significantly nervous about the proposed merger […]
A flash note to investors from investment bank Exane/BNPP and analyst Sami Kassab says that the much rumoured Eutelsat/OneWeb ‘merger’ would make strong strategic sense as it would constitute the first LEO+GEO broadband satellite network in the world. “We believe that multi-orbit systems offer a sustainable competitive advantage as they offer the most attractive bandwidth […]